The Resurgent Rajasthan Partnership Summit was inaugurated on November 30, 2007 in Jaipur by the Hon'ble Chief Minister of Rajasthan, Smt. Vasudhara Raje in presence of Shri Narpat Singh Rajvi, Minister of Industries, Rajasthan, Mr. K V Kamath, MD and CEO, ICICI Bank, Shri D C Samant, Chief Secretary, Govt. of Rajasthan, Mr. Habil Khorakiwala, President, FICCI and Dr. Amit Mitra, Secretary General, FICCI.

300 Memorandums of Understanding and Letters of Intent with envisaging an investment of Rs.1,62,607 crore were signed. These proposals would create new employment opportunities for about 8 lakh persons in the State. The investment agreements include 33 proposals in the infrastructure sector with proposed investment of Rs. 73,283 crore; 157 proposals in the industrial sector with proposed investment of Rs. 74,4486 crore; 47 proposals in the higher and technical education sector with proposed investment of Rs.2,878 crore; 19 proposals in the healthcare sector with proposed investment of Rs.4800 crore; 34 proposals in the tourism sector with proposed investment of Rs.5,332 crore and 10 proposals in the agriculture and animal husbandry sector with proposed investment of Rs.1,828 crore.

In her inaugural address, the Hon'ble Chief Minister presented a compelling case for emergence of Rajasthan as one of the most dynamic investment locations in the country. Welcoming the captains of Indian Industry, media and delegates, Smt. Raje said "It is a matter of great delight that the business community has responded with such enthusiasm to the 'Resurgent Rajasthan Summit'. This proud moment has come after a lot of hard work and single-minded focus on building a strong foundation, proactive and growth oriented policy framework."

Concluding her inaugural address, she said, "Rajasthan is poised to step into a bright future. I urge all our partners; industry, people of Rajasthan and media to come together and seize the opportunity to realize inclusive development and high-growth for our beautiful state."

Assuring the investors, Mr. Narpat Singh Rajvi, Minister of Industries, Rajasthan said, "Rapid industrialization is the stated priority of our government and we are committed to provide an environment that is business friendly and enabling in nature. Our focus on three core requisite components viz, roads, power and skilled resources will ensure that investors get a highly conducive atmosphere for setting up their ventures across Rajasthan."

Mr. Habil Khorakiwala, President, FICCI said, "India is on a high-growth trajectory and it is the frontline states like Rajasthan that will emerge as the building blocks of its growth. Under Chief Minister's leadership, the state is ready to actively participate in India's rapid economic and social development process."

The two day summit has been organized by Government of Rajasthan in collaboration with FICCI. The Summit has witnessed huge participation from delegates representing close to 850 organizations including Honda Siel, Reliance, Fortis, Bharat Hotels, Vedanta Group Plc., Genpact, Narayan Hrudalaya, etc.

During the inaugural session Mr. K V Kamath, MD and CEO, ICICI Bank, made an impromptu announcement of designating Jaipur city as the bank's northern Indian hub. This will require an initial investment of Rs.500 crore that will eventually be increased to Rs.5, 000 crore. The hub, once fully expanded, will employ close to 20,000 people.

During the plenary session the existing investors including Mr. Shevendra Mohan Singh of Fortis Healthcare, Mr. Arun Nanda of Mahindra & Mahindra, Mr. Anil Agarwal of Vedanta Group, Dr. Devi Shetty of Narayan Hrudalaya, Mr. M. Takedagawa of Honda corporation and Ms. Jyotsana Suri of Bharat Hotels, shared their insights for investing in Rajasthan.

The Summit reiterates Rajasthan's image as one of the fastest growing states in India that is poised to embrace a set of policies focused on both physical infrastructure as well as human resource development. The summit held at the Birla Auditorium, Jaipur welcomed both domestic and global investors to partner the state and promised numerous investment options and business opportunities to small, medium and large sized companies. It reiterates the Rajasthan government’s focus on various sectors for development, including Infrastructure, Education, Human Resource Development, Automobile & Manufacturing, Healthcare and Tourism and Heritage Conservation. The summit envelopes several sessions, networking opportunities and discussions among leaders, entrepreneurs, senior state officials to exchange ideas and action plans.